Icelandic fisheries export earnings soar
Iceland earned ISK 225.1 billion (EUR 1.6 billion; USD 1.7 billion) from its marine product exports in the first 11 months of last year, an rise of 8.9 percent year-on-year, according to new figures published by Statistics Iceland.
The increase is attributed to improved earnings from Iceland’s fishmeal exports as its whole frozen fish exports declined during the January through November period.
Marine products accounted for 42.4 percent of the country’s total exports.
Overall, Iceland exported goods worth ISK 578.4 billion (EUR 4 billion; USD 4.4 billion) during the aforementioned period, representing an increase of 6.8 percent year-on-year.